As many of you know, many communities and cities, including Philadelphia, are now looking towards green infrastructure as a cost-effective solution to manage stormwater. However, what some might not know is that these new green spaces can also generate revenue in our neighborhoods and communities.
The NRDC recently released an article presenting published research on how stormwater tools such as rain gardens, green roofs, trees, rain gardens, and permeable pavement can bring about substantial benefits for homeowners, retail businesses, and apartment buildings. Statistics show that apartment and office buildings can reap benefits of up to $2 million. For retail centers, benefits can exceed $24 million, including $23 million of increased sales. Some of the other benefits that the article highlights are reduced infrastructure costs, improved health and job satisfaction for office employees, reduced crime, and lower energy costs.
Read the NRDC’s full report.